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10 posts categorized "Tantan"

TECHNODE - Aug 9 - China's top dating app Tantan announced on June that it has raised a $70M worth in a Series D, summing up its total accumulated fund to $120M. Tantan works through the location base service mechanism and matches users with a person that has been to the same place. On July 2015, Tantan's DAU was reportedly 250k, and today, Tantan's DAU reached ~6M. In the process of closing Series D investment, many investors wanted to join the round, and Tantan's financing round was oversubscribed by too much demand. To maintain the proportion of the founding team's shares, South Korea's renowned VC fund LB Investment sold some of their existing shares to two investors and achieved a partial exit.

TECHNODE - June 21 - Tantan, Chinese top dating app, has raised $70M worth in a Series D, raising the startup's total fund raised to $120M. Founded in 2014, Tantan is a location-based app that facilitates communication between mutually interested users. The Chinese app almost identical to Tinder. Wang Yu, CEO of Tantan hopes to release VIP membership service in Q3 of this year. Tantan will also explore artificial intelligence and expand to new markets. Tantan now claims 90M registered users.

DEAL STREET ASIA - June 9 - The dating app, often reffered as Chinese Tinder, raised $70M in series D funding. The round was lead by Chinese online social entertainment firm YY. Tantan was founded in 2014 and it's target group are young professionals living in smaller cities. It currently claims 13M registered users and 2.5M DAU. So far, it raised $32M in series C, $13M in series B and $5M in series A.

YIBADA - Feb 20 - There are ~200M single adults in China currently. As online dating was proven popular in the country, women often said they feel harassed due to user gender imbalance. A dating app are launching new features to protect women. Tantan, often referred to Chinese Tinder, placed a security feature wherein users only matched after manually verifying both of their profile pictures and personal information to prove authenticity. They also placed an automatic notification to the female user if a male user either sends any suspicious content or makes overt sexual references to her. If the female confirmed the notification, the male's account is deleted. The abuse reporting rate on Tantan is now at 1%.

DEALSTREETASIA - May 19 - China's Tinder, Tantan app, announced the latest financing round of $32M from a group of investors led by DST Global, Vision Plus Capital and LB Investment. Tantan has not focused on generating profit, so far. "We'll focus on that around the end of this year after we've hit 7 to 10M daily active users," said Tantan spokesperson. Previously, Tantan raised a $13M round of Series B funding, and in January 2015 a $5M Series A round.

GLOBAL TIMES - May 11 - Chinese dating apps have been seeing growing popularity among expats living in China but cultural obstacles remain. Among the most popular apps, both for Chinese and foreign singles, are Tantan, Momo and Skout. Tantan claims one user for every 10 Chinese users in expat-heavy neighborhoods. Expats quickly discovered that while women in the West generally start out chatting about shared interests, Chinese women are more likely to ask about his job and future plans.

SCMP - Nov 17 - Hong Kong based expert uses free Wifi and developer's program to demonstrate how easy it is to hack Tantan, the Chinese dating app used by millions. Cybersecurity expert Larry Salibra said he could access Tantan users' photos, details, chat logs and even their location. Tantan's CEO and co-founder Yu Wang admitted changes needed to be made to protect users' privacy on his app. Tantan, similar to Tinder, was founded in July 2014. The app had drawn ~2M users in one year.

BEIJING TODAY - Oct 31 - Dating apps such as Momo, Tantan and Qingchifan are growing fast and attracting investment. Young people also use IM apps such as WeChat and QQ to meet romantic partners. Online dating in China will generate ~10B yuan ($1.6B) in revenue by 2016, up 17% from 2014, according to iResearch. Dating sites make money from ads and membership fees, and also from offline events and matchmaking services. Comparatively, most foreign dating sites rely on ads. Whereas users of foreign dating sites try to impress with looks and personality, Chinese sites are more pragmatic. Educational background, salary, and home ownership often weigh the most in selecting a partner. Men are generally expected to have a house, a car and a satisfying salary. 68% of women in developed cities said they would not marry a man until he owns a house.

BLOOMBERG - June 4 - Tantan is a Chinese mobile dating app that works like Tinder. While there have been doubts about the ability of Tinder to get customers to pay, China’s entrepreneurs think they’ll have an easier time. Tantan doesn’t plan to charge its users until the year-old app has 10M users, from 2M now. German media company Bertelsmann invested $5M into Tantan this year. Early Apple backer Sequoia Capital and Vertex Venture Holdings have invested $20.5M in Qingchifan, another dating app. iResearch predicts online dating in China will generate ~$1.6B a year in 2016, up 17% from 2014.

TECH IN ASIA - Feb 3 - Tantan is Tinder's carbon copy. It’s not clear how many users Tantan has. The iOS version has just three reviews on the iTunes store, one of which complains about a lack of users. But founders Pan Ying and Wang Yu claim that the app has a weekly active user rate of 80%.